when you say ‘fee’, what exactly is the fee for?
It is possible this is an account under a management agreement, where the account is assessed a, say, 1% per annum fee, payable quarterly.
I’ve seen IRAs with annual ‘fiduciary fees’, usually taken out at the end of the year.
If you are managing investments yourself, you can always transfer your account to one of the discount brokers (thats what they used to be called), such as Vanguard, Fidelity, Schwab or E-Trade. Here there are no ongoing account fees, at least that I’m aware of. And Fidelity no longer charges commissions on trading, not sure of the others.